“By the end of 2018 I will have had Lee for at least 4 years, which is great for continuity of both team and driver partnership together.

“We can really now focus on building Team 18/ Preston Hire Racing for the future.”

Schwerkolt’s team poses as a stable home for Holdsworth, whose career has been swept up in team changes out of his control.

Holdsworth first entered the championship in 2006 with Garry Rogers Motorsport, before moving to Stone Brother’s Racing in 2012, which morphed into Erebus Motorsport V8 in 2013.

He won Erebus’ first win in 2014 and in the same year announced he would leave the team to join Schwerkolt’s single car team the following season, operating out of Prodrive Racing Australia.

However, the situation changed behind the scenes and Schwerkolt shifted to Walkinshaw Racing for 2015. Before the 12 months concluded, the forklift magnate announced he’d be heading out on his own, as WR looked to focus on two cars.

Despite his accident, Holdsworth has helped spearhead Schwerkolt’s small team in 2016, who present as strong contenders at next month’s Supercheap Auto Bathurst 1000, with co-driver Karl Reindler.

“Lee is a great ambassador for our brand, a special person and also a mate and I am very proud to have him to continue on this journey together,” Schwerkolt said.

“We are really excited about getting results for the future and the next two years.

“We have an amazing group of partners/sponsors, a great car and most importantly a fantastic team of people/staff behind our single car out fit.